24th May 2013 07:00
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Ithaca Energy Inc.
Director and Officers' Share Purchase
24 May 2013
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that on 23rd May 2013, Iain McKendrick, CEO and a Director, along with the other Officers of the Company increased their beneficial shareholdings in Ithaca through the purchase of Common Shares pursuant to the Company's Market Share Incentive Plan ("SIP"). These purchases were made by MM&K Share Plan Administration, the trustee of the SIP.
The individuals named below increased their beneficial shareholdings in the Company by a total of 18,300 Common Shares at a price of £1.23 per Common Share (the maximum permissible under the SIP) as follows:
Name | Designation | Common Shares Purchased | Resultant Holding | % of voting rights
|
Iain McKendrick | Officer and Director | 3,660 shares | 209,125 shares | 0.07% |
Graham Forbes | Officer | 3,660 shares | 68,305 shares | 0.02% |
Nicholas Muir | Officer | 3,660 shares | 20,105 shares | 0.01% |
John Woods | Officer | 3,660 shares | 135,105 shares | 0.04% |
Mike Travis | Officer | 3,660 shares | 57,347 shares | 0.02% |
Enquiries:
Ithaca Energy:
Iain McKendrick, CEO | +44(0) 1224 650 261 | |
Graham Forbes, CFO | +44(0) 1224 652 151 | |
FTI Consulting: | ||
Billy Clegg | +44 (0) 207 269 7157 | |
Edward Westropp | +44 (0) 207 269 7230 | |
Georgia Mann | +44 (0) 207 269 7212 | |
Cenkos Securities plc: | ||
Jon Fitzpatrick | +44 (0) 207 397 8900 | |
Neil McDonald | +44 (0) 131 220 6939 | |
RBC Capital Markets: | ||
Tim Chapman | +44 (0) 207 653 4641 | |
Matthew Coakes | +44 (0) 207 653 4871 |
About Ithaca Energy:
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is an oil and gas operator focused on North Sea production, appraisal and development activities. The Company's strategy is centred on building a highly profitable North Sea oil and gas company by maximising production and cashflow from its existing assets, the appraisal and development of existing discoveries on properties held by the Company and the delivery of additional growth via acquisitions and licence round participation.
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
-ENDS-
Related Shares:
IAE.L